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Avery Dennison: Investor Day Highlights The Bullish Medium-Term Growth Path

Apr. 04, 2021 8:06 PM ETAvery Dennison Corporation (AVY)1 Comment


  • Avery Dennison outlines a new set of medium-term targets at its latest investor day event.
  • RFID remains the growth driver, although trends in the IHM business look promising as well.
  • Additional capital deployment via M&A and buybacks could provide incremental upside.
  • Shares trade at a warranted in-line valuation to peers, with plenty of room for multiple expansion considering its industry-leading top and bottom-line growth potential.

Avery Dennison manufacturing plant. Avery Dennison is the largest label manufacturer in the world II
Photo by jetcityimage/iStock Editorial via Getty Images

In its first investor day event since 2017, Avery Dennison (NYSE:AVY) laid out a positive set of top and bottom-line targets that signal plenty of earnings growth ahead. Coupled with AVY's demonstrated

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Analyst with a keen interest in the global markets, always sifting through company filings in search of compelling opportunities. Approach is heavily centered on the notion that one needs to be non-consensus right in making investment decisions. A keen follower of value investing legends such as Peter Cundill, Seth Klarman, and more recently, Rupal Bhansali.

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Comments (1)

One of my favorite ideas. This should be a $300 stock by the end of the year on RFID alone.
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